Work from Home: Real Money Advantages

by J. Kenneth Ezra

Published on this site: December 7th, 2005 - See more articles from this month

One of the greatest and most rewarding endeavors you may adopt is working from home. Not only do you get to set your own schedule, you are blessed with spending time with your loved ones and/or your loved activities. I can't tell you how to put a dollar amount on it. But it's probably like this: $$$$$$$$$$$$$$$$$$$.

We are talking about time. Time is the most important factor when you compare working from home versus working a regular 9-5 job. If you hate the day-to-day grind of working a normal job and you never worked from home you are missing out on one of life's treasures. It is so limitless only you know what you would do with it. I personally enjoy 3 mile walks with my wife and dog Rixy (the fastest Whippet around). Oh, to be perfectly honest I love golfing with my friend at his country club. The best time to go from 11am to 3pm, if you add the commute times it really takes the whole day. But you what? Time doesn't matter because I make my own schedule. I work from home.

However, time is a non-money advantage. Let's look at some of the real money advantages to determine if working from home is for you. Always weigh your options before making any decision regarding your finances. We will look at some of the required actions needed to work from home in my next article.

Some Real Money Advantages: per year

1. NO MORE COMMUTE! You SAVE the GAS money: depending on the vehicle this is probably between $$-$$$ per month. $$-$$$$
   
   
2. You SAVE the Wear and Tear on your vehicle. Many people don't take this factor seriously but it is serious and costly if you're not factoring it in. Most cars cost at least .25 cents per mile (runs .50 cents to $1 per mile Mercedes AMG). These can surface in repairs or depreciation (i.e.: $25,000 2002 new car price minus current value 2005 $17,000 = $8,000 depreciation). If you add the repairs and upkeep during those years for a vehicle in good working order (average $1000 per year includes, brake pads, regular oil changes, unexpected expenses etc). That's $11,000 loss for three years. $$$-$$$$$
   
   
3. Ever get a TRAFFIC Ticket because of your commute to and from work? $$-$$$
   
   
4. Does your current employer penalize you for being late? $$-$$$
   
   
5. Auto accidents. Not all of us get into one. But those that do lose money on deductibles, and higher rates. $$$-$$$$
   
   
6. Insurance companies usually charge more money for longer commutes. $-$$$
   
   
7. Cost of inflation. Historically between 4-10%. This means everything costs you more, but rarely do job hourly and salary keep up. You see this every time you go to the grocery store, or buy your next car, or car wash etc. Suddenly it feels like you have less money. Trust your instinct or listen to an economist, you do have less money by stores, services etc raising their prices simple translation: inflation. If you own a property this will help but beware. If you don't own a property, inflation could really hurt. $-$$$$$
   
   
8. No need for lunch money. $$$-$$$$
   
   
9. No need for new wardrobe or keeping wardrobe clean. $$-$$$$

Some Non-Money Advantages: (just a few)

1. No more boss! You make your own decisions, rules, and disciplinary actions. Not someone else. This is really great if your current boss has those notorious suppressive anti-social characteristics and it all seems directed at you.
   
   
2. More time to work on your own earning power. Most employees are helping their employer make money. But at the end of the week do you even have time to send a resume or go on an interview for better opportunities? Or read up on other systems to make money? You'll see how difficult it is to focus and read and experiment etc. There are more complicated ones. Who has time for that?
   
   
3. No day-to-day grind. You may love the grind but it is a true relief when you don't have to. You'll make up your own grind working from home. Based on your likes, dislikes and strengths.
   
   
4. Time to work out. Time for 3 mile walks. TIME to study money making systems. Time for networking. Time for higher education.
   
   
5. Efficiency. You won't spend time cleaning up other peoples mess-ups at work. This really hurts you. It diminishes your self esteem to know that during your normal work day you spend time fixing the problems other people create. This doesn't even help you and seldom does anyone acknowledge it. It may be the ethical thing to do to help the company. But when your own work suffers. When you have to stay longer than scheduled. It intrudes your own personal integrity to your family and yourself.
   
   When you work from home you actually get more efficient. Search for my next article Work from Home: 6 Required Actions for further information.
   
   
6. Independent Thinking. When you are an employee you are affected by a herd mentality. You may not realize how other people you encounter everyday give you wrong data. This then gets filed in your brain and you start operating on it.

The list can go on and on. Number 6 is my favorite. I'm going on my eighth year working from home. As I get good information, good education and apply solid principles I see great results.

I'm running an experiment on the newest information marketing website turnkey system. The system advertised the typical promises: "help you make money from home with very little money, time and offers plenty of solutions that can cover most of your knowledge deficiencies." A current example to show anyone who is interested about home based turnkey systems: view an experiment system. See the bank statements to view how profitable or not so profitable.

Follow the money at: http://howtocreateonlinemillionaires.com

J. Kenneth Ezra Take advice from someone who has successfully worked from home for the last eight years. Investigate the real money advantages of working from home. Follow the money at: http://howtocreateonlinemillionaires.com